OTTAWA, Ontario, May  29, 2026  (GLOBE NEWSWIRE) -- Ottawa Fleet Services has reached a major milestone of more than $14 million in surplus auction proceeds generated through GovDeals, the leading online auction

LQDT

Ottawa Fleet Services, Ontario Achieves $14 Million in Online Surplus Sales on GovDeals

GovDeals Surplus Milestone Highlights LQDT Platform Strength in Government Asset Sales

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>OTTAWA, Ontario, May  29, 2026  (GLOBE NEWSWIRE) -- Ottawa Fleet Services has reached a major milestone of more than $14 million in surplus auction proceeds generated through GovDeals, the leading online auction</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GovDeals surpassed $14 million in surplus proceeds for Ottawa Fleet Services, underscoring sustained demand for online government asset disposal. The milestone reinforces GovDeals&#039; reach within public-sector sales and supports Liquidity Services&#039; (LQDT) revenue-growth narrative as the platform expands asset opportunities across agencies.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GovDeals reports over $14 million in surplus proceeds for Ottawa Fleet.</li><li>Ottawa Fleet Services has used GovDeals since 2013.</li><li>GovDeals is powered by Liquidity Services (LQDT) expanding asset reach.</li><li>New GovDeals auctions planned; bidder registrations open.</li><li>GovDeals cites transparency and broad bidder reach as value drivers.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>GovDeals (LQDT)</strong>: Platform powering government asset sales; milestone supports Liquidity Services&#039; revenue growth expectations.</li><li><strong>Ottawa Fleet Services (N/A)</strong>: Public-sector fleet operator; adoption of GovDeals demonstrates broader agency use, with potential indirect revenue impact for LQDT.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: The milestone for GovDeals within the LQDT ecosystem signals expanding adoption of the platform in government asset disposition, supporting near-term growth traction and valuation debate around LQDT&#039;s recurring revenue model.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>GovDeals milestone may lift near-term revenue visibility for LQDT.</li><li>Public-sector asset disposal activity could expand GovDeals&#039; listings and fees.</li><li>Recurring auctions and registrations imply durable revenue potential.</li><li>Positive platform-adoption signals could attract more government buyers.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Ottawa Fleet Services has used GovDeals since 2013.</li><li>Milestone: more than $14 million in surplus auction proceeds generated through GovDeals.</li><li>GovDeals is the leading online marketplace for government and educational assets.</li><li>GovDeals is powered by Liquidity Services (LQDT).</li><li>New bidder registrations can be completed at GovDeals.com/Register.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish for LQDT in the next 1–3 quarters as GovDeals momentum improves revenue visibility.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">OTTAWA, Ontario, May  29, 2026  (GLOBE NEWSWIRE) -- Ottawa Fleet Services has reached a major milestone of more than $14 million in surplus auction proceeds generated through <a href="https://www.globenewswire.com/Tracker?data=UuTem-YD6JiBe0cAyy7QxSCgSdexeZ5GMytrSF91Um1dV8gsNepJe6LDmn0g-aEBUEn4PDBeA-63O-NCRExwae643gM-zTY5_H2CyPkLYFThdYSptRX8SMkuEMsnDLcK0NwatSTakn8-0SIj6Yv9AETxOKcZmlvqPml3gYfpson1JNVwIGox7mc2ZnzvXNPVd12f3HqRxnTgJcC3ubHKlEVGthBHfy7rmAp3_jgsBrs=" rel="nofollow" target="_blank">GovDeals</a>, the leading online auction marketplace for government agencies, educational institutions, and related agencies to sell surplus assets.</p>  <p>"This milestone reflects years of careful asset management and a commitment to being transparent and accessible with our surplus sales," said Alan Buckley, Ottawa Fleet Inventory Clerk. "GovDeals helps us reach a broad pool of qualified buyers, streamline the auction process, and ultimately recover more value for our organization and our community."</p>  <p>Ottawa Fleet Services has listed surplus vehicle and industrial equipment auctions on GovDeals since 2013. Over that time, the organization has leveraged the platform to sell a wide range of surplus assets, including fleet vehicles, trucks, utility equipment, shop tools, and other industrial items, ensuring surplus property is disposed of in an efficient, competitive, and "as is, where is" online format.</p>  <p>"Ottawa Fleet Services' success is a strong example of what's possible when a public-sector team consistently applies best practices to online surplus sales," said Elizabeth Maxted, Vice President &amp; General Manager of GovDeals. "We're proud to support their work with a platform that expands bidder reach, simplifies the selling process, and helps agencies maximize returns on surplus assets."</p>  <p><a href="https://www.globenewswire.com/Tracker?data=jiA3DZsIHIGM1EyLraMaGH73nJ3Xt6Tfhd2l0adzrF1tbYy_Nsc-zjZCXV8mTvn3vQYYSh9Zd9K2N7Lk_eEqvtAv0hEWVSqE9gqztjbKnZyORgwA8Nnay5NMt-Gf9uXtgV9aGtrZZIxQwEfxQJ_qm1QqaEj3nVTsv5jmmLxjb02EOY8lOai9GzzeOJ6N6bKPPhF2yHPvGbkwpMadWQnm-ja_-KPVk5PQ-Bwj21cpXY0INO4EgSy2ZhWv3bxHhOqbAhKuzdJ4JgXNoG-m8gMTkkOLYH1U7lAlr5UY2Q_0Adg=" rel="nofollow" target="_blank">New auctions</a> from Ottawa Fleet Services can be found regularly on GovDeals. The organization plans to continue offering surplus vehicles and equipment online as assets become available, providing buyers with convenient access to government surplus opportunities. New bidder registrations can be completed at <a href="https://www.globenewswire.com/Tracker?data=UuTem-YD6JiBe0cAyy7Qxcgz500IFcImlrDF8XL2SkEk--jh4MXBcNzC5p9DTsRkl90ocNruOdIrL1tJ0JE68MfhqDJYZa4QEN_O56P1I-T5yIaj4kqX13B8baf_QNY4HvoOD_rQ8Dblk2ngqBmD5wkZo4LquB4ufxxGz5NYQ6Fedz66GT-YEUsK8R83BQ9wBvJqHVcb1hW_oNsYcVL9TF99Z_x29MH66sRePxLBdUYfoHZK9quaqSfpx1xBa50zsq7Kz7H2w6frMP3aT7LIF7RDWruzaGN-LAskPXTjJco=" rel="nofollow" target="_blank">GovDeals.com/Register</a>.</p>  <p align="justify"><strong>About GovDeals</strong></p>  <p align="justify"><a href="https://www.globenewswire.com/Tracker?data=UuTem-YD6JiBe0cAyy7QxXnsvsDibupLYPI6Yzo2V4AZFoMs3xea34zGu1gjFOwTj_aEOzm-_k037ZyHIsLPrJ3k3pkw7lp_G1Hd8WYO-oynKbtVjOKxUPkXWxPydp5_7gXWOahIkTAxf-WgZec-7k7Ila4bFpNqEdnAk41z2Wp3x8eXWSqPr-JnnPwqaJXaVHsLxHiDkG0PYiOs4iCReZpJSvvGbORu3qyMT5rkpSWSME2YaikToz0dUQqMbsUO" rel="nofollow" target="_blank">GovDeals</a> is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation to industrial machinery and real estate. The platform specializes in surplus disposition technology, partnering with government agencies and related entities to sell &#34;as is, where is&#34; surplus equipment and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. Buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. GovDeals is powered by Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LQDT">LQDT</a>), one of the most experienced and trusted companies supporting millions of customers in the circular economy across the globe.</p>  <p>Contact:<br></br>Angela Jones, GovDeals<br></br>(334)-301-7823<br></br><a href="https://www.globenewswire.com/Tracker?data=haK7-YXeaTgZPwN5zZWy6VD2P679S6If6Es928G7SanBpLtxyWkd6Ytzo0oXagnWJHu3GVUtGEcUPR22Z2natBZHfag_A1XmBTyzB1qXEUc=" rel="nofollow" target="_blank">ajones@govdeals.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyODI0NCM3NjI2MDQwIzUwMDA1MDM3MQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NmNhMDI2NjctZGMwMi00MmE2LWI0OTctMGQ4YTA0ZjhkNWRkLTUwMDA1MDM3MS0yMDI2LTA1LTI5LWVu/tiny/GovDeals-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/ee251097-fcac-4fd5-90e2-60002e34616a"><img src="https://ml.globenewswire.com/media/ee251097-fcac-4fd5-90e2-60002e34616a/small/logo-govdeals-primary-x2-png.png" border="0" width="150" height="84" alt="Primary Logo"></img></a></p>

GovDeals surpassed $14 million in surplus proceeds for Ottawa Fleet Services, underscoring sustained demand for online government asset disposal. The milestone reinforces GovDeals' reach within public-sector sales and supports Liquidity Services' (LQDT) revenue-growth narrative as the platform expands asset opportunities across agencies.

Ottawa Fleet Services, Ontario Achieves $14 Million in Online Surplus Sales on GovDeals

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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